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- Maggie
all it takes is one issue to put you in debt. can you pay for everything with no renters? are you sure it will cash flow?
MollyLocation? Prospective job growth in the area? Is there a local shortage of housing so prices are increasing?
Way to many unknowns to really answer appropriately… Seller could be dumping it because the long term economy in the area favors it …
MattCan you rent it out for what your payment will be or close? If so go for it.
No risk no reward.
You can always refinance it to lower your payment when interest rates go down.
JoeWell if you are in Peru or Afghanistan, the property market is different there.
JoshAbsolutely DO NOT buy a home right now.
The collapse has started in Florida and Texas.Other hot markets will turn soon as well (phx/vegas).
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